According to today's edition of Tuttosport (via MilanNews), Milan are prepared to bid between €8 million and €9 million to sign the talented Frenchman.
The 21-year-old is a very versatile player, being able to play across the whole attack, and with eight goals and eight assists in all competitions last season, he seems prepared to play in the top-flight.
Adli was named Ligue 2 Player of the Year last season, with Toulouse reaching the promotion play-off, yet they eventually lost to Nantes and will have to stay in the second-tier as a result.
Milan are keen to seal the move, with them facing competition from other European clubs, including Borussia Dortmund.
The Rossoneri want to sign him as soon as possible, with him seeming like a player with great potential and he is set to have incredible future prospects.
Adli has played most of the season as a second striker, being part of the side that scored the most goals in Ligue 2 last season, with a staggering 71 goals.
Milan want a new young forward to have more depth, with Samu Castillejo not impressing when being used as a striker, and signing a player with so much potential and who is relatively young could be a great move for all parties.